- Bitcoin is testing $97K and needs to break above it to move higher.
- Weak support below $92K could send BTC into a fast drop toward $70K.
- Holding above $92K is key or Bitcoin may face strong selling pressure.
Bitcoin’s realized price distribution highlights a key resistance level at $97,530, making it the most crucial hurdle for BTC to overcome. However, the bigger concern is the weak support structure below $92,110, which exposes the price to a massive “air gap” between $90,000 and $70,000. This zone has minimal trading activity, making it a potential free-fall region if BTC fails to hold above support. With UTXO data revealing a concentration of realized prices well above this range, Bitcoin is at a critical juncture where breaking either direction could lead to a significant move.
Bitcoin’s UTXO Distribution Reveals a Weak Demand Zone Below $92K
The UTXO Realized Price Distribution (URPD) chart provides insight into the price levels where Bitcoin has the highest on-chain activity. The data suggests that $97,530 is a significant resistance point, as many BTC holdings are clustered around this level. A sustained push above this price could trigger further upside momentum, but failure to clear this barrier may invite selling pressure.
On the flip side, support at $92,110 appears weak, as the volume of BTC holdings in this zone is relatively low. This lack of demand creates an air gap between $90,000 and $70,000, where Bitcoin has little realized price history. If BTC slips below $92,000, it could face rapid downward acceleration due to the absence of buying interest.
The “Air Gap” Threat: How BTC Could React to a Breakdown
The presence of an air gap is a major risk factor for Bitcoin’s price action. When price levels lack realized volume, liquidity becomes thin, increasing the likelihood of price swings. In simple terms, if Bitcoin drops below $92,000, it may struggle to find strong support until reaching the $70,000 region, where realized volume starts increasing again.
For bulls, maintaining action above $92,000 is essential to prevent a cascading sell-off. If Bitcoin can break past $97,530, it could invalidate the bearish scenario and push toward higher levels. But if sellers dominate and BTC dips below key support, traders should prepare for a swift correction.
What’s Next for Bitcoin?
Bitcoin’s next move will be determined by whether it can hold $92,000 or break past $97,530. A successful breakout above resistance could trigger a rally, while failure to sustain above support could open the door to a deeper decline. Traders should closely monitor price action near these levels, as BTC remains at a critical inflection point with high volatility potential.
